Trade Desk dives as weak outlook risks S&P 500 spot
07/08/2026 15:41
BUZZ-Trade Desk dives as weak outlook risks S&P 500 spot ** Trade Desk TTD.O shares plunge ~25% after earnings, hitting near eight-year low in early trading
** Selloff puts Trade Desk on track to become the smallest company in the S&P 500 by market capitalization
** Ad-tech firm forecasts Q3 revenue of $650 mln, well below analysts' estimate of $805.1 mln - LSEG-compiled data
** Reports Q2 revenue of $715 mln, missing consensus estimate of $751.4 mln
** CEO Jeff Green says quarter "did not meet the standard we set for ourselves"
** At least 20 brokerages cut their price targets on the stock following the results- LSEG data
** YTD, stock is down about 63%
(Reporting by Rashika Singh in Bengaluru)